A bilateral economic cooperation agreement was recently signed in Baghdad between the Iraqi Minister of Commerce, Mohammed Mahdi Saleh, and the Moroccan Minister of Energy, Industry and Commerce, Mustafa Mansur.

According to the Al-Hayat newspaper, the new treaty aims to promote bilateral cooperation specifically in the areas of commerce, science and culture.

The Iraqi-Moroccan commercial exchanges amounted to $270 million last year, while the two countries are currently seeking to enlarge this volume, targeting $500-million trade per annum.

Morocco promised to increase the value of its imports from Iraq by 20 percent, especially that of consumer and manufacturing products. The Moroccan imports from Iraq hit $100 million last year. — (Albawaba-MEBG)